BLOOMBERG ARTICLE 8 DECEMBER 2000

 

ANZ Rated Best for Money Market, Forex and Derivatives

Sydney, Dec. 8 (Bloomberg) -- Australia & New Zealand Banking Group Ltd., the country's No. 4 lender, was rated best in providing foreign exchange, derivatives and money market services in a survey of 240 of the nation's biggest companies.

The East Coles Pty. treasury markets survey of banks ranked Westpac Banking Corp., the country's third-biggest lender, best in treasury research and fixed income.

``We're not surprised by the findings,'' said Paul Edwards, spokesman for ANZ Bank. ``Foreign exchange, the Australian dollar -- they are our traditional strengths.''

Foreign banks rated in the top five in various categories included UBS Warburg Australia, the investment banking arm of Switzerland's UBS AG, and Deutsche Bank Australia, which ranked second and third respectively in fixed income. Citibank Ltd., the domestic arm of Citigroup, was fifth for providing foreign exchange services to companies.

The survey polled executives from Australian companies, who rated the banks' best dealers. Westpac's Fiona De Vere was rated best foreign exchange dealer, ABN Amro's Gerard Minack was No. 1 for treasury research, Salomon Smith Barney's Meredith Davidson was first in fixed income, Deutsche Bank's Matthew Lemke topped derivatives, and National Australia Bank Ltd.'s Barry Atkinson was ranked best in money market.

--Suchita Nayar in the Sydney newsroom (612) 9777 8601 or at snayar2@bloomberg.net /ju/jjm